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Versus Systems Inc (VS)



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Upturn Advisory Summary
08/14/2025: VS (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $1.98
1 Year Target Price $1.98
0 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -49.95% | Avg. Invested days 12 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 11.59M USD | Price to earnings Ratio - | 1Y Target Price 1.98 |
Price to earnings Ratio - | 1Y Target Price 1.98 | ||
Volume (30-day avg) 1 | Beta 2.62 | 52 Weeks Range 1.00 - 3.95 | Updated Date 08/15/2025 |
52 Weeks Range 1.00 - 3.95 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.23 |
Earnings Date
Report Date 2025-08-18 | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -588.3% |
Management Effectiveness
Return on Assets (TTM) -86.51% | Return on Equity (TTM) -143.31% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 10749548 | Price to Sales(TTM) 50.37 |
Enterprise Value 10749548 | Price to Sales(TTM) 50.37 | ||
Enterprise Value to Revenue 46.71 | Enterprise Value to EBITDA -0.86 | Shares Outstanding 4901680 | Shares Floating 1756565 |
Shares Outstanding 4901680 | Shares Floating 1756565 | ||
Percent Insiders 64.16 | Percent Institutions 2.63 |
Upturn AI SWOT
Versus Systems Inc

Company Overview
History and Background
Versus Systems Inc. was founded in 2012. They provide a business-to-business (B2B) platform that allows video game publishers and developers to offer in-game prizing and rewards.
Core Business Areas
- Dynamic Regulatory Compliant Prizing: Platform providing regulatory compliant prizing and promotional solutions within video games and digital media experiences.
- Audience Engagement: Solutions focused on enhancing player engagement and retention for video game publishers and developers.
Leadership and Structure
Key leadership includes Matthew Pierce (CEO). The company operates with a structured team focused on technology, sales, and marketing.
Top Products and Market Share
Key Offerings
- Versus Platform: Proprietary platform enabling in-game prizing. Specific market share data is not readily available but Versus operates in the competitive gaming and esports ecosystem. Competitors include Skillz (SKLZ) and DraftKings (DKNG) although their focus is broader than purely in-game rewards.
Market Dynamics
Industry Overview
The industry focuses on enhancing video game player engagement through various techniques, including in-game rewards. The market is growing due to the increasing popularity of esports and online gaming.
Positioning
Versus Systems positions itself as a B2B provider of tools to improve player engagement, within the overall gaming industry. They differentiate via compliance-focused prizing.
Total Addressable Market (TAM)
The TAM for in-game advertising and rewards is estimated to be in the billions of dollars. Versus Systems is positioned to capture a portion of this TAM by enabling regulated prizing.
Upturn SWOT Analysis
Strengths
- Proprietary technology platform
- Focus on regulatory compliance
- Partnerships with game developers
- Experience in B2B gaming solutions
Weaknesses
- Relatively small company
- Dependence on game developer partnerships
- Limited brand recognition
- History of net losses
Opportunities
- Expansion into new gaming platforms
- Strategic partnerships with esports organizations
- Increased adoption of in-game advertising
- Growth in mobile gaming
Threats
- Changing regulations regarding in-game prizing
- Competition from larger gaming companies
- Dependence on third-party technology
- Economic downturn affecting gaming spending
Competitors and Market Share
Key Competitors
- SKLZ
- DKNG
- ESE
Competitive Landscape
Versus Systems is competing in a market dominated by larger gaming and advertising companies. Versus differentiation lies in its focus on compliant prizing but is not yet profitable. The current market share of VS is negligible. The market share of the above companies is combined for the purpose of this assignment so the percentages are based on that limitation.
Growth Trajectory and Initiatives
Historical Growth: Historical growth would be measured by year-over-year revenue increase. Data is needed to perform the analysis
Future Projections: Future growth projections are based on analyst estimates for the gaming and advertising industry. Analyst estimates vary and are based on Versus' potential to capture market share.
Recent Initiatives: Recent initiatives include securing new partnerships and expanding the platform's capabilities.
Summary
Versus Systems is a small player in the growing in-game advertising market with proprietary technology focused on regulatory compliance. The company's strength lies in its unique platform, but faces challenges related to competition, financial performance, and dependence on partners. Successfully navigating regulations and securing strategic partnerships are critical for future growth. Versus Systems needs to reduce cash burn while increasing revenues.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Third party research reports
- Financial News Sources
- SEC Filings (where available)
Disclaimers:
This analysis is based on publicly available information. Market share estimates may vary. Not financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Versus Systems Inc
Exchange NASDAQ | Headquaters Dover, DE, United States | ||
IPO Launch date 2021-01-15 | CEO & Director Mr. Luis Claudio Goldner | ||
Sector Technology | Industry Software - Application | Full time employees 5 | Website https://www.versussystems.com |
Full time employees 5 | Website https://www.versussystems.com |
Versus Systems Inc. provides a business-to-business software platform to drive user engagement through gamification and rewards. The company offers the eXtreme Engagement Online platform, which is designed primarily for main-board work in stadiums and arenas; the Filter Fan Cam platform, an augmented reality filtering tool that can be used for mobile and venue applications; and Winfinite, an interactive advertising tool that allows content creators, marketers, agencies, and other advertisers to increase customer acquisition and loyalty through a combination of games and rewards. Versus Systems Inc. was incorporated in 1988 and is headquartered in Dover, Delaware.

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